Fraud is a threat to every organization and can cost millions of dollars. As an auditor, we have to constantly be on the lookout for it. Every major audit standard has some kind of fraud provisions that auditors are required to follow. You can’t get around it. It starts with the planning process and carries throughout the audit engagement. Every auditor should be familiar with the key fraud red flags and the major fraud schemes.
Every internal auditor is required to look for indicators of fraud in every audit engagement. Every major audit association has a standard that speaks to fraud and how the auditor should handle it. That means that the auditor should be aware of the various audit schemes and what to look for.
Learning Objectives:
- Define audit standards relative to fraud
- Identify the factors that lead to fraud
- List the three major fraud schemes and the key subschemes
- Determine audit tests for various fraud schemes
- Report on key survey information on fraud including the likely persons to commit fraud, the areas where frauds are committed, the likely schemes used, and the red flags to look out for
Jonnie Keith, CIA, CFE, CGAP
JonSherr Enterprises
Internal Audit Instructor
[email protected]
Mr. Keith has over 40 years of audit experience and served as the Chief Audit Executive for the Metropolitan Atlanta Rapid Transit Authority (MARTA) for 11 years before his retirement in 2012.
As the Chief Audit Executive for MARTA, he was responsible for administering the overall audit activities for the Department of Internal Audit.
He has been a volunteer seminar instructor for the Institute of Internal Auditors. He currently teaches audit webinars, including:
• Writing Effective Audit Observations
• Putting the Quality in Audit Reports
• What it Takes to be the Auditor-In-Charge
• Assessing Risk and Evaluating Controls
• What It Takes to be the Auditor-In-Charge
He has been published three times in the IIA Magazine’s “Back to Basics” section. He has a degree in Economics from Clark Atlanta University. His certifications include Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), and Certified Government Auditing Professional (CGAP).
- To receive CPE credit, you must register for the webinar before it starts.
- CPE is available to all eligible participants within 24 hours of each webinar.
- To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
NASBA Approved
CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222
About Our Sponsor
- CPE Credits
- Support and FAQs
- Terms and Conditions
- Privacy Policy
- CPAwebengage, Inc.